Renault SA (RNLSY) Discusses Launch of Niagara Pickup and Strategic Growth in Latin America Prepared Remarks Transcript

Today is an important day for Renault, but it is also a very proud day for all the teams who have been working on these projects, Latin America and especially here in Argentina. At Renault, a new phase of growth is beginning. With our future-ready strategic plan, we have a clear ambition, boost our leadership in Europe, accelerate electrification and, of course, unlock the full potential of our business outside Europe. And to support this ambition, Renault will launch 14 new cars outside Europe by 2030. And Latin America here is at the heart of this strategy. Over the past years, we have already revealed Kardian on the B segment and Boreal on the C segment, 2 major pillars of our international growth. And today, we are taking the next step on the pickup segment. Today, we will unveil Niagara. Niagara is the first future-ready car launched outside Europe, and that's not by chance. We share a long history with Latin America. Renault has been present in the region for decades, building lasting relationships with our customers, our partners and our employees. Niagara will be produced at our historical Santa Isabel plant in Cordoba, which has been manufacturing Renault cars since the '60s, including some icons like Dauphine, Renault 4 and Trafic. What I really love about Niagara is that it creates a unique proposition in its segment by combining the best of 2 worlds, the comfort and technology of a Renault car, but also the versatility, robustness, and capability expected from a pickup.